Banking configurations

Banking configurations in Control Center are settings specific to banking products such as savings and checking accounts. When creating your banking products, you might also need to use platform-wide configurations, which apply to all product types.

Banking configurations include:

• Deposit products—These are interest-bearing accounts to which you can apply interest, fees, taxes, and so on. In Control Center, you can only attach debit accounts.
• Interest plans—Interest plans are configurations that define how interest is calculated and applied to a specific product or account. This can include the interest rate, the compounding period (for example, daily, monthly, or quarterly), tax implications, and more.